Key Decisions and Financial Results

The Board of Directors approved the following:

1. Unaudited Financial Results: Approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, along with the Limited Review Report as required under Regulation 33(3) of SEBI Listing Regulations.

2. Operational Update: Noted that Srilab Distilleries Limited, an associate company of Rinpoche Spirits Private Limited (a wholly owned subsidiary), has paid outstanding excise license renewal fees along with applicable fines (delayed penalties) till the current financial year. The company has received approval from West Bengal State Beverages Corporation for registration of its brands and will proceed with requisite formalities and label registration processes to commence commercial operations.

Meeting Details

The meeting commenced at 6:00 p.m. IST and concluded at 6:20 p.m. IST on October 17, 2026.

Financial Performance Details

Standalone Financial Results (Amount in ₹ Lakhs):

Quarter Ended September 30, 2026:

  • Total Income: ₹0.20
  • Total Expenses: ₹17.21
  • Profit Before Tax: (₹14.94)
  • Profit After Tax: (₹17.21)
  • Basic EPS: (₹0.02)
  • Diluted EPS: (₹0.02)

Half Year Ended September 30, 2026:

  • Total Income: ₹0.20
  • Total Expenses: ₹32.15
  • Profit Before Tax: (₹32.15)
  • Profit After Tax: (₹32.15)
  • Basic EPS: (₹0.04)
  • Diluted EPS: (₹0.04)

Consolidated Financial Results (Amount in ₹ Lakhs):

Quarter Ended September 30, 2026:

  • Total Income: ₹0.00
  • Total Expenses: ₹92.51
  • Profit Before Tax: (₹92.51)
  • Profit After Tax: (₹92.51)
  • Basic EPS: (₹0.10)
  • Diluted EPS: (₹0.10)

Half Year Ended September 30, 2026:

  • Total Income: ₹0.20
  • Total Expenses: ₹177.89
  • Profit Before Tax: (₹177.89)
  • Profit After Tax: (₹177.89)
  • Basic EPS: (₹0.19)
  • Diluted EPS: (₹0.19)

Balance Sheet Position (Standalone as at September 30, 2026)

  • Total Assets: ₹67,071.42 Lakhs
  • Non-current Assets: ₹66,573.37 Lakhs (including Investments: ₹65,539.70 Lakhs)
  • Current Assets: ₹498.05 Lakhs (including Cash & Cash Equivalents: ₹1.46 Lakhs)
  • Total Equity: ₹65,795.07 Lakhs
  • Non-current Liabilities: ₹1,032.89 Lakhs
  • Current Liabilities: ₹243.46 Lakhs

Consolidated Entities

The consolidated financial results include the following entities:

1. Cupid Breweries and Distilleries Limited (Holding Company)

2. Crochet Industries Private Limited (Subsidiary)

3. Rinpoche Spirits Private Limited (Subsidiary)

4. Brewing Wizards Private Limited (Step-down Subsidiary)

5. Forte Spirits Private Limited (Step-down Subsidiary)

6. Srilab Alcobev Private Limited (Step-down Subsidiary)

7. Martin Judds Microbreweries Private Limited (Step-down Subsidiary)

Auditor Review

The financial results were reviewed by M M R S AND CO, Chartered Accountants (Firm Registration No. 013820S), who issued an unqualified review report stating that nothing has come to their attention that causes them to believe the statements contain any material misstatement.

Additional Information

The figures for previous periods have been re-grouped/re-arranged wherever necessary. The company has only one segment. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS). Figures are rounded off to the nearest two decimal places.